M&A
confidence high
sentiment neutral
materiality 0.80
Mountain Crest V announces non-binding term sheet to combine with CUBEBIO at $620M pre-money value
Mountain Crest Acquisition Corp. V
- Pre-transaction equity value of CUBEBIO set at $620 million, subject to adjustment.
- CUBEBIO is a Korea-based cancer diagnostics company using urine-based technology.
- Non-binding term sheet dated April 26, 2024; definitive merger agreement yet to be signed.
- Mountain Crest V is a SPAC; has completed four prior business combinations.
- Global Fund LLC engaged as advisor to CUBEBIO.